Taxes

Bush Wishes ‘Bush Tax Cuts’ Were Called Something Else

By Jonathan Miller

George W. Bush wishes the "Bush tax cuts" were called something else.

“I wish they weren't called the Bush tax cuts,” the former president said at the Bush Institute Conference on Taxes and Economic Growth in New York City on Tuesday. “If they were called some other body’s tax cuts, they’re probably less likely to be raised. But if you raise taxes, you’re taking money out of the pockets of consumers.”

The tax cuts are set to expire at the end of the year. David Axelrod, President Obama’s campaign strategist, said on Tuesday that the administration was committed to letting the tax cuts for wealthy Americans expire.